Boris pledges £10 million to London’s small business community

24/05/2010

Mayor of London Boris Johnson has just announced his intention to launch a multi million pound financial advisory service to help small to medium sized businesses in the Capital take their operations to the next level.

Around 4,500 firms are expected to benefit from the service with the Mayor’s team predicting those participating will be able to raise £65 million in funding between them – a welcome prospect for many SME’s who have struggled during the recession.

With Boris commenting that London has ‘the people and spirit of enterprise to single handedly pull the UK fully out of recession’, this could be the first of many benefits the business community in London could reap from the new coalition government.

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